Regulation Best Interest Solutions
Regulation Best Interest, along with the new Department of Labor Prohibited Transaction Exemption requires firms to document reasons for the investment recommendations and rollovers. Morningstar’s Best Interest Investment Recommendation and Best Interest Rollover scorecard capabilities ensure the necessary evaluation of investments and services are performed and the investor’s best interest is achieved. Our investment recommendation tool evaluates investments on the basis of performance, risk, and cost. The Scorecard includes an evaluation of investment quality and cost, client portfolio fit relative to their risk profile, as well as an evaluation of the value of services offered by the advisor. The solution leverages Morningstar’s proprietary data, research, and analytics, along with our retirement plan data and Gamma research on the value of advice.